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Consumer Debt Is High, but Consumers Seem to Have Room to Run

Author

Listed:
  • Jason Brown
  • Colton Tousey

Abstract

Real consumer debt is now higher than its prior peak during the global financial crisis, driven in part by increases in credit card debt. Although the share of credit card debt transitioning into delinquency has risen, it remains below levels seen during the global financial crisis. Moreover, debt-to-income measures remain historically low, suggesting that consumers in aggregate may have more room to run up debt before experiencing further financial stress.

Suggested Citation

  • Jason Brown & Colton Tousey, 2024. "Consumer Debt Is High, but Consumers Seem to Have Room to Run," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, May.
    • Handle: RePEc:fip:fedkeb:98262
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    File URL: https://www.kansascityfed.org/Economic%20Bulletin/documents/10173/EconomicBulletin24BrownTousey0517.pdf
    File Function: Full Text
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    References listed on IDEAS

    as
    1. Jason Brown & Colton Tousey, 2023. "When the Music Stops: Slowing Wage Growth May Lead to More Delinquent Debt," Economic Bulletin, Federal Reserve Bank of Kansas City, pages 1-4, March.
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